They recognized the potential of this significant project

The 73-story, 1,100-foot tall development is set to be the tallest building in the western United States, providing unobstructed 360-degree views of Los Angeles. Currently under construction, the development will house the InterContinental hotel as well as offices and retail space. The hotel will be the first on the west coast to have a sky-lobby, which is located on the 70th floor. It is set to open in 2017 and will be the first hotel built by Korean Air in the U.S.

Kirk Kinsell, president, the Americas at IHG commented: "InterContinental Hotels & Resorts is IHG's luxury brand, which we have grown to be more than twice the size of any other luxury brand globally. We remain focused on building its presence in top-tier cities and resorts around the globe; and our partnership with Korean Air is very much in line with this strategy. We are pleased to be working with such highly experienced owners."

Heather Cho, vice president of Hanjin International Corp commented: "We are delighted to have InterContinental Hotels & Resorts join our Korean Air family of hotels. The InterContinental brand is well-respected by world travelers and embodies the luxury experience we intend to provide at the Wilshire Grand. They recognized the potential of this significant project and that was important in our decision."

Similar to the InterContinental hotel brand, Hanjin and Korean Air have been a part of the international scene for decades. From its humble beginnings in 1945, Hanjin and Korean Air have become one of the largest logistics and travel/hospitality companies in the world, including the largest Asian airline in Los Angeles. The InterContinental brand began just a year later in 1946 and became the world's first truly international luxury hotel brand. Today, the InterContinental brand has grown to more than 180 hotels globally and has 51 additional hotels in its development pipeline. Both brands share parallel histories and a deep commitment to creating solutions that meet the evolving needs of today's global travelers.

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